BlakeAssignmentSession Locatora&inprogress O eBook Show Me How Perpetual Inventory Using FIFO Beginning inventory, purchases, and sales for Item Zeta 9 are as follows: Oct. 1 Inventory 45 units $23 7 Sale 36 units 15 Purchase 46 units $24 Sale 17 units Assuming a perpetual inventory system and using the first in, first-out (FIFO) method, determine (a) the cost of goods sold on October 24 and (b) the inventory on October 11 a. Cost of goods sold on October 24 bi Inventory on October 31 Feed Check My Wor a. When the FIFO method used costs are included in coat of goods sold in the order in which they were purchaseThink of your entry in terms of Demo remains from each layer after each sale B. The ending inventory is made up of the most recent purchases. Previous Next > Check My Work Email to Sandal All saved